Welcome to our dedicated page for MTB Metals news (Ticker: MBYMF), a resource for investors and traders seeking the latest updates and insights on MTB Metals stock.
This page provides a historical news archive for MTB METALS CORP (OTCQB: MBYMF), a former mineral exploration company whose assets and securities were acquired by ExGen Resources Inc. under a court-approved plan of arrangement. The news flow around MTB offers detailed insight into how the company built and then ultimately combined its Golden Triangle copper-gold portfolio with ExGen.
Readers can review company announcements describing the Telegraph copper-gold project, where drilling, soil geochemistry and induced polarization geophysics outlined a multi-kilometre porphyry system along the Dok Trend. News releases also cover work at the Southmore copper-gold project and other Golden Triangle assets, including American Creek, BA, Red Cliff and Theia, along with transactions that converted some of these projects into royalty interests and shares of Dolly Varden Silver Corp.
The archive includes financing announcements, such as non-brokered private placements used to fund exploration at Telegraph and other projects, as well as technical updates on drill results, geophysical surveys and soil geochemistry programs. Corporate news details the arrangement agreement with ExGen Resources, securityholder and court approvals, and the completion of the transaction under which ExGen acquired all issued and outstanding MTB securities, with MTB shares expected to be delisted from the TSX Venture Exchange.
For investors and researchers, this news history helps explain how MTB’s exploration strategy evolved, how it focused on its flagship Telegraph porphyry copper-gold project, and how those assets transitioned into ExGen’s portfolio. Bookmark this page to reference the sequence of project, financing and transaction announcements that shaped MTB Metals Corp before its acquisition.
ExGen Resources (OTC: BXXRF) completed a court-approved plan of arrangement to acquire 100% of MTB Metals on December 19, 2025.
Under the Arrangement, MTB shareholders receive 0.286 ExGen share per MTB share and outstanding MTB options and warrants were exchanged or adjusted on the same 0.286 exchange ratio. Following closing, ExGen has 109,149,808 issued and outstanding shares. MTB is expected to be delisted from the TSX Venture Exchange on or about December 23, 2025, and ExGen will file an early warning report and seek MTB reporting issuer termination.
MTB Metals (OTCQB: MBYMF) announced that its securityholders approved a plan of arrangement to be acquired by ExGen Resources. The special meeting on Dec 11, 2025 saw Securityholders approve the Arrangement with 94.52% of votes cast in favour; Shareholders voted 94.31% in favour. The Supreme Court of British Columbia issued a final order approving the Arrangement. Under the deal each MTB share will be exchanged for 0.286 of an ExGen common share. Completion is subject to customary closing conditions, including TSXV approval, and is expected to occur on Dec 19, 2025. MTB shares are expected to be delisted from the TSXV upon closing.
MTB Metals (OTCQB: MBYMF) filed special meeting materials and a technical report in connection with a proposed plan of arrangement with ExGen Resources.
Under the Arrangement each MTB share will be exchanged for 0.286 common shares of ExGen, resulting in current MTB securityholders holding approximately 36.88% of the combined company. The MTB board recommends voting FOR the Arrangement. The special meeting is scheduled for December 11, 2025 and only securityholders of record as of October 30, 2025 may vote.
MTB also filed a NI 43-101 Technical Report on the Telegraph Property, effective October 3, 2025, and the Telegraph Property will transfer to ExGen on completion of the Arrangement.
ExGen Resources (TSXV: EXG) and MTB Metals (OTCQB: MBYMF, TSXV: MTB) entered an arrangement agreement dated October 16, 2025 to merge their businesses, creating a consolidated copper, gold and lithium exploration and development company.
Under the deal MTB shareholders will receive 0.286 ExGen share per MTB share and are expected to hold approximately 35% of the combined company. The transaction is subject to MTB shareholder approval, court approval and TSX Venture Exchange acceptance; MTB expects a special meeting in early to mid December 2025. Both companies have initiated NI 43-101 technical reports on flagship projects and the combined assets include a 20% carried interest in the Empire mine and multiple Golden Triangle and Nevada projects.
MTB Metals Corp. has completed a non-brokered private placement, raising $344,000. The company issued 6,350,000 flow-through units at $0.04 each and 2,250,000 non-flow-through units at the same price. Each non-flow-through unit includes one common share and one warrant, exercisable at $0.08 within 24 months. Each flow-through unit consists of one flow-through share and a half warrant, exercisable at $0.08 within 18 months. The funds will advance MTB's Telegraph porphyry copper-gold project and be used for working capital. The transaction awaits TSX Venture Exchange approval and includes participation by company executives, constituting a related party transaction under MI 61-101.
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